For all of us holders and non-holders, an organic rise in the price would be beneficial. A steady rise will only bring in new holders and users. However these pumps and dumps really delay a slow rise and they put people off adoption.
Would is not benefit the whales more just to hold rather than keep putting people off with their dumps?
They usually know what they are doing, otherwise they all would end up broke. They buy tons of BTC slowly when the price seems dead and dump later. To stop this there is only one way: mass adoption. |
|
|
|
Exchanges already apply those directives, well, at least Bitstamp does.
It would be nice not just AML/KYC but also insurance and proof of solvency, AML/KYC does shit when exchanges get robbed or run away with our coins...
This would obviously incur additional costs and expenses for the exchanges that decide positively on insurance or agree upon external audit. In this case they will have to volens-nolens raise the fees which their clients will have to pay... A small price to pay for not getting goxxed, vircurexed, GBLed, and many others. Amateur hour is over! Study: 45 percent of Bitcoin exchanges end up closing: http://www.wired.co.uk/news/archive/2013-04/26/large-bitcoin-exchanges-attacksTrue, but wouldn't a decentralized exchange fix issue tho? In any case im not leaving a single satoshi in any of the exchanges even if I trust them (like Poloniex). Unfortunately I cant do day trading because of the fear. |
|
|
|
but then we should also declare nature as being intelligent, since there are a multitude of such "intelligent devices" created by natural forces.
Of course nature is intelligent. The universe is probably the most intelligent device in existence. The amount of entropy it can produce is gigantic. However, I doubt that the universe is sentient. If we say it is, we enter in totally metaphysical or even theological considerations. It is certain that we're not the only animals who possess the intellectual, cognitive and emotional capacities. Life has survived 3,7 billion years on Earth, most of that time without humans. Does this not speak to the intelligence of all living things? But I am sure that someday humans will create machines intelligent enough to be superior species. When this will happen all forms of money will become obsolete. I would like to know why it is a given that all forms of money would become obsolete when humans creat a new form of life that would be more intelligent than themselves. What actually makes you think so? I could weigh in as to why it wouldn't be that (simple), but first I want to hear your ideas (reasons and arguments before all). By the time we have human-like biped robots walking around and with a brain superior to actual humans we'll be way past needing to work, or at least 99% of tasks will already be automated. You tell me how an economy is supossed to work under a monetary system when 99% of jobs are being automated by machines. |
|
|
|
You could also carve a private key into amber (a fossilized resin) which has preserved insects, sometimes for millions of years. Sadly if heated above 200 °C (392 °F), amber suffers decomposition, but I doubt it weathers as badly as stone. Here's a picture of an ant preserved in amber.  Lol, actually an USB pendrive with your bitcoin wallet.dat file inside an amber fossil would look really cool. |
|
|
|
When I purchase a good or service, I always try to use fiat. Fiat has much less value to me than Bitcoin (XBT), so I prefer to spend it over my XBT holdings. Why is this the case?
The short answer is that all fiat is now competing with XBT, and all available tools must be compared objectively. Which protocol (fiat vs. XBT) is more stable? Which protocol has parameters that can be predicted with almost 100% accuracy? Which is easier to use? Which creates less friction (lower cost) for markets? Which allows more market participants?
To me and many others here the answers are entirely obvious. However, because the way we currently value XBT is completely inaccurate (exchange based valuations that are easily manipulated), many people will discover too late just how valuable XBT is - simply because they didn’t observe the fundamental value of the protocol.
Instead most people just glance at the relative fiat “price” (where quantities demanded and quantities supplied meet) of XBT and decide that it is unstable and therefore unusable - because “price” is how most people (incorrectly) determine a thing’s value.
In the past, societies have transitioned from one technology to another over a period of hundreds or thousands of years. For example, gunpoweder was invented in 9th Century China and it took around 400 years for the technology to reach Europe.
Now, technologies spread much faster. SMS texting was insanely popular in Japan some years ago, and if I remember right it took about 5-6 years (and a relatively modest hardware design change) for it to spread to the US. But prior to that hardware design change texting in the US was considered a complete joke. SMS was literally the subject of late night comedy.
Based on this information, my guess is that in 5-6 years the Bitcoin ecosystem will be so well developed that it becomes the de-facto standard method of transferring and storing value. I think it will take 10-20 years before people start decoupling the value of XBT from fiat, and begin thinking (and pricing) goods and services in terms of XBT.
Yeah it's going to take at least 10, Winklevoss brothers predict it in the next decade, and Andreas has said "give Bitcoin 2 years", which will probably be time for consolidation (going back to the ATH). |
|
|
|
Is BTC really that cumbersome to hold?
I'll keep holding my MØ stash with a 256-bit entropied login. For my petty cash, I'll keep using a key file.
I wonder how many "wallets" are "secured" with low entropy passwords. There's no point in having a higher entropy key when the password used to "secure" it can be broken offline in no time.
Is the problem with all of these agents or BTC's clunky security implementation?
You can always expect the worse when you are dealing with criminals... why would you get in such trouble? if getting your coins lost in a somewhat decent exchange is very possible, imagine if you give bitcoins to some random dudes selling drugs lol. |
|
|
|
Sweden can't go on the way they are now forever. I've heard they are giving ridiculous amounts of welfare over there. If they did this only for swedish born people it's maybe ok if they can afford it, but all that immigration will make the system collapse guaranteed.
Actually just saw a thread here in Bitcointalk.org about a swedish guy that says he's getting 1.000 USD by "doing nothing". Apprently he got diagnosed with aspergers syndrome or autism, and they give him 1.000 USD... thats amazing. The guy doesn't even seem to be that different from your typical nerdy/geek/introvert guy. In any other country he wouldn't get anything. I understand how a country like Norway can get away with stuff like that because they are oil rich, but not sweden afaik. |
|
|
|
Shocking news: A bank in Spain named "Banco Madrid" has suspended any withdrawal of money of all deposits. Can anyone in there confirm?
hi, I am from Spain, but we don't have more information than you. The only new I can give you is that huge amounts of money were withdrawn before this, because some people had good information. One more reason to use bitcoin. Fortunately I guess you weren't affected. I've heard some guy had 700.000 in his bank and now they are only saying that they may be able to recover only 100.000 € out of these 700.000. Scary shit indeed. Yup this is pretty much confirmed at this point. Those holding more than 100K are out of luck, they will not recover their holdings.. crazy. |
|
|
|
Speaking on Bloomberg TV’s show “The Pulse” about mobile payment security PayPal CEO David Marcus admitted his company has given Bitcoin a lot of thought lately. - Read full article HEREI don't get this. Didn't they officially announce that they are accepting Bitcoin already? I remember saying it on a paypal youtube advert. |
|
|
|
No but I trust everybody else less. (I answered "Yes 100%" to the survey because that was the closest.)
Truuu, but I would trust someone that is professional about storage, regardless if you trust yourself a lot, because human error is unavoidable. |
|
|
|
|
I don't we have to worry with this. Thiefts will always exists no matter what, so what we should look is for solutions, and good exchanges like Gemini are on the ways, and good storage solutions like Xapo as well.
|
|
|
|
|
Considering registrations are closed and considering BTC is stuck at this low price, has a raise of payment been considered?
|
|
|
|
I have 100 bitcoins. Its 2015. I'm already a millionaire... Do I win £5?
No ,because a million isnt much thesedays there isnt even a small house in my area for under a million it takes several million to have a good life thesedays especially if you have a wife and kids If you live alone, a million is enough. You install solar panels and try to be self sustainable and it should do the trick. Of course the ideal would be to own a couple properties and rent them so you dont have to work ever again. |
|
|
|
All in aka yolo method is for gamblers. Never invest your money in one go.
25% is a very decent number, and will allow you to buy even more if price goes down while you didn't expect that.
Well, there are tons of college students with 0 debt because their parents are paying for it, so if I was young enough and I had 0 debt and had say, 1K dollars lying around, I no doubt would go all in. |
|
|
|
|
Sweden can't go on the way they are now forever. I've heard they are giving ridiculous amounts of welfare over there. If they did this only for swedish born people it's maybe ok if they can afford it, but all that immigration will make the system collapse guaranteed.
|
|
|
|
If your bitcoin was stolen, you can't blame anyone, it is all your responsibility to keep your money safe.
But if your Fiat was stolen, you may blame the bank.
In the future we'll have professional solutions if one is scared to keep their own Bitcoin, like Xapo which seems legit. If they lose your bitcoin it's their fault. |
|
|
|
Same shit as always. The same ego fight of these morons just to not accept they've been deprecated and they must bow down to bitcoin and accept it. They always have to create "their own" thing even if its useless. |
|
|
|
Why is this relevant? You shouldn't be reusing addresses anyway.
Reusing address(es) is a privacy problem and also it may expose your private key due to reused R values. Overall, it isn't wrong to reuse address but using address in a buggy client usually isn't a good idea. Is it a problem to recieve payments as well? How are you supposed to not repeat your address for example if you are in a sig campaing? gotta be the same always. |
|
|
|
"It's a method of transmitting money. It's a very effective way of transmitting money and you can do it anonymously and all that. A check is a way of transmitting money, too. Are checks worth a whole lot of money just because they can transmit money? Are money orders? You can transmit money by money orders. People do it. I hope bitcoin becomes a better way of doing it, but you can replicate it a bunch of different ways and it will be. The idea that it has some huge intrinsic value is just a joke in my view."
http://www.cnbc.com/id/101494937 Buffet is a joke, he walks around with his new friend Floyd Mayweather instead of paying attention to videos like this: https://www.youtube.com/watch?v=yPIvqJsCOSo |
|
|
|
‘It’s boring without rumors’: Putin appears in public after week of MSM hysteria http://rt.com/news/241069-putin-rumours-back-alive/Putin met his Kyrgyz counterpart Almazbek Atambayev on Monday in his first public meeting open to the press since March 5. Putin’s spokesman Dmitry Peskov mocked all the rumors about his boss’s alleged disappearance. Puting is such an egomaniac, he loves all the media attention even if he denies it and takes vacations to not be on the spotlight. Entertaining persona anyway. |
|
|
|
|
Show Posts
